The rally in U.S. government bonds broke fresh ground, with the yield on benchmark 10-year debt briefly falling close to 1% after a week of plunging stocks and escalating bets on interest-rate cuts.
But while investors continued to grapple with the economic impact of the coronavirus outbreak, yields retraced some of their early declines and equity markets perked up, aided by actual or hoped-for support from central banks and governments.
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